Episode
#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
32:10
Published: Sun May 29 2022
Description
This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist 0:00 Adena Hefets breaks down the state of the US housing market in 2022 16:56 Bestie Q&A with Adena: differences between 2008 and 2022, housing market reaction time, chances of a collapse, and more 30:08 Adena does a Bestie Intro for herself! Follow Adena: https://twitter.com/adenahefets Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect
Chapters
Adina, CEO of Divi Homes, shares her story of how her parents were able to purchase their first home through seller financing and highlights her passion for solving inequality in finance and housing.
00:00 - 01:36 (01:36)
Summary
Adina, CEO of Divi Homes, shares her story of how her parents were able to purchase their first home through seller financing and highlights her passion for solving inequality in finance and housing. She aims to tackle this issue through her company, but explains that it is not the focus of her presentation.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Unless you have the ability to save 2x the amount and a higher FICO score, it's becoming increasingly difficult to buy a home, especially due to rising home prices.
01:36 - 12:00 (10:23)
Summary
Unless you have the ability to save 2x the amount and a higher FICO score, it's becoming increasingly difficult to buy a home, especially due to rising home prices.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Home prices and mortgage rates have a significant impact on the ability of families to own a home, with a $10,000 increase in home prices resulting in one million fewer families who can afford to buy a home.
12:00 - 16:56 (04:56)
Summary
Home prices and mortgage rates have a significant impact on the ability of families to own a home, with a $10,000 increase in home prices resulting in one million fewer families who can afford to buy a home. Additionally, a 1% increase in mortgage rates translates to five million fewer families who can qualify for a mortgage.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The housing market has missed the cue on the number of houses that need to be built by almost 60%, primarily due to supply chain issues, and there is financialization and engineering in the market that is poorly understood by consumers.
16:56 - 21:13 (04:17)
Summary
The housing market has missed the cue on the number of houses that need to be built by almost 60%, primarily due to supply chain issues, and there is financialization and engineering in the market that is poorly understood by consumers.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Banks are following Fannie Mae guidelines very strictly and adding overlays on top of it to prevent defaults, making them nervous to take risks in mortgage lending.
21:13 - 25:43 (04:29)
Summary
Banks are following Fannie Mae guidelines very strictly and adding overlays on top of it to prevent defaults, making them nervous to take risks in mortgage lending. With increasing mortgage rates and home values, a larger percentage of incomes now need to be spent on housing.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses the challenges of raising capital and taking on late-stage investment as a founder, and whether or not relying on those investors is necessary during difficult times.
25:43 - 30:42 (04:59)
Summary
The speaker discusses the challenges of raising capital and taking on late-stage investment as a founder, and whether or not relying on those investors is necessary during difficult times.
Episode#AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Adina, the rent-to-own leader in prop tech, introduces herself and discusses her strategy for playing the long game in the housing market.
30:42 - 31:58 (01:15)
Summary
Adina, the rent-to-own leader in prop tech, introduces herself and discusses her strategy for playing the long game in the housing market.